Peter Renton reviews his 2017 marketplace lending predictions and shares projections for 2018. Source
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GreenSky is a company that has flown under the radar for years. The Atlanta-based company has built a wildly successful...
The company may go public as soon as late autumn; sources state that the company will exceed a £1 billion valuation; investment banks are expected to be in place by spring; Funding Circle would be the first p2p lender in the UK to go public. Source
According to Recode, Mike Cagney is back with a new startup and is pitching to investors such as Peter Thiel and others who backed SoFi; he is reportedly looking to raise around $25 million for the new company which may focus on HELOCs. Source
While on the surface Affirm’s business may appear to be focused on lending and payments, the company can also help merchants in marketing; the company has large amounts of data on who is buying products, what they are buying and where they are buying; with this information they plan to offer their merchants more services in the future; Tearsheet shares more on Affirm’s plans. Source
Lend Academy shares some of the biggest news stories of the year; includes Mike Cagney departing SoFi, the Cleveland Fed retracting their report on “p2p lending”, Prosper’s $5 billion deal, Renaud Laplanche’s new venture and more. Source
- Uber agrees to sell its US auto-leasing business
- As EOS Tops $8 is the Sun About to Set on Ethereum's Reign?
- Top 10 Companies of the Blockchain Industry in 2017
- Survey: 31% of South Korean Professionals are Cryptocurrency Investors
- How a simple tech upgrade at the IRS could transform the economy (by Sam Hodges, Funding Circle)
- TD's innovation agenda: Experiments with Alexa, AI and augmented reality
- Where fintech dollars will go in 2018
- The Next Big Trade for Bond Investors Is Betting on U.S. Homeowners
- Lend Academy Podcast: Camilo Concha of LendingUSA
- A.I. and Big Data Could Power a New War on Poverty
- Financial technology startups emerged as serious challengers to financial services in 2017
- Best Egg Will Broaden to Financing Purchases in 2018
- OnDeck Adds a BlackRock-Managed Fund to its Platform of Financing Partners
The new head of the OCC, Joseph Otting, reaffirms the agency’s support of the fintech charter. Source
While Amazon is unlikely to buy a bank in 2018, they are still a threat to banks and other fintech companies; the company is already involved in payments, cash, debit cards, small business lending and consumer credit; Tearsheet shares how retail and financial services companies are becoming more intertwined and how this is a trend that will continue into 2018; the way consumers interact across various apps and accounts is also having a significant effect on banks. Source